[Iris7]

Dunno, this stuff is poison, really cannot be sold even at the ABX index levels -

http://www.markit.com/cache/curves/5890b5b7cfe474bc0a2cc5eacce.png

http://www.markit.com/cache/curves/56d4cf559302b654203d291f6a9.png

http://www.markit.com/cache/curves/881f6908c48a4b01c9c1eaa28de.png

[the invisib1e hand]

can you tell me what I'm looking at here?

Some is undoubtedly "poison." The Journal carried a story a while back about some Citadel deals that were crafted with, shall we say, dubious quality.

But the problem is that no one cares to price the nuts and bolts; the market for cdo's lacks the very basic requirement of transparency (at the moment) and so it's fraught with superstition. It's an evironment made for hucksters of every stripe.